Buying a Home of Our Own

As some of you know, Jordan and I are planning on buying my great aunts home in a few years when she is ready to move into an assisted living home.  We brought up buying her home about a year ago when she mentioned she was thinking she might move, that's when we started the house fund.  She was more then happy with the suggestion and we often talk about different things that we would like to do or that she would like to see done.  We haven't talked about details, just vague timelines  The last time we talked she said it would be 2-3 years before she was ready.

This past weekend, she spent a good few hours with my grandmother (her sister) - and later my grandma mentioned that Isabelle thinks she might be ready this time, next year.

NEXT YEAR... whew! We could be home-owners in a year!

The home is 100% paid for (has been for several years) and as Isabelle is looking at moving into an assisted living home, she likely won't need a large sum of money up front to purchase her next home - she'll be renting.

So, with that noted it's possible that she maybe be able to hold a mortgage for us (rather then us getting  a mortgage from a bank), we could also pursue a traditionally mortgage as well. 

Jordan and I need to get ourselves in the best financial position we can within the next year.  Although we were already thinking about some of these things, we're going to have to make sure that:

• Jordan's truck loan is paid off
• My student loans are paid off
• Jordan's credit score is higher
• We have money in the bank!

It would be good to have at least $10,000 I think - but we'll look at specifics in the coming weeks.  If not for a down payment (depending on how things work out), it will have to be for renovations (of which there will be plenty)!

I'm so excited for this new journey, I hope you are too!